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Permodalan Nasional Berhad

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Permodalan Nasional Berhad (PNB)
Company typeGovernment-owned investment company
IndustryInvestment
Founded17 March 1978; 46 years ago (1978-03-17)
HeadquartersLevel 91, Menara Merdeka 118, Presint Merdeka 118, 50118 Kuala Lumpur, Malaysia
Key people
  • YM Raja Arshad Raja Uda (Chairman)
  • Ahmad Zulqarnain Onn (President & Group Chief Executive (PGCE))
Revenue
  • Increase RM 16.42 billion (2023)
  • RM 14.53 billion (2022)
  • Increase RM 13.04 billion (2023)
  • RM 10.38 billion (2022)
Total assets
  • Decrease RM 337 billion (2023)
  • RM 341.61 billion (2022)
Number of employees
1,500
Subsidiaries
Websitewww.pnb.com.my/index_EN.php

Permodalan Nasional Berhad (PNB) is a state-owned Malaysian investment management company.[1] One of the largest fund management companies in Malaysia, it was established on 17 March 1978 as one of the instruments of the government's New Economic Policy.[2][3]

PNB's two notable projects are located in Kuala Lumpur. They are the megatall skyscraper Merdeka 118 on Jalan Hang Jebat, and the PNB 1194 Hotel (formerly MAS Building) on Jalan Sultan Ismail.

In June 2023, PNB announced that it planned to move its corporate headquarters from PNB Tower, Jalan Tun Razak, where it had operated since 1985, to Merdeka 118 by the year-end.[4][5][6]

Leadership

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Chairpersons

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Chief Executive Officers (CEOs)

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  • Desa Pachi (1978–1979)
  • Khalid Ibrahim (1979–1994)
  • Hilmey Taib (1995–1997)
  • Hamad Kama Piah Che Othman (1998–2016)
  • Abdul Rahman Ahmad (2016–2019)
  • Abdul Jalil Abdul Rasheed (2019–2020)
  • Ahmad Zulqarnain Onn (2020–present)

Subsidiaries

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  • Amanah Saham Nasional Berhad (ASNB)[8]
  • Pelaburan Hartanah Nasional Berhad (PHNB)[9]
  • Property Management Services Sdn Bhd (PMSSB)[9]
  • PNB Commercial Sdn Berhad (PNBC)[10]
  • PNB Development Sdn Bhd (PNBD)[11]
  • PNB Merdeka Ventures Sdn Bhd (PNBMV)[12]
  • PNB Research Institute Sdn Bhd (PNBRi)

References

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  1. ^ Chen, Heather (2 December 2021). "This Country Is Building the World's Second-Tallest Skyscraper. But Citizens Aren't Thrilled". www.vice.com. Retrieved 31 December 2021.
  2. ^ Four decades on, PNB now Malaysia's biggest fund manager. Retrieved 22 March 2021.
  3. ^ Malaysia's biggest fund manager changes CEO in latest reshuffle at a state-linked firm. Retrieved 22 March 2021.
  4. ^ "PNB akan berpindah ke Menara Merdeka 118 pada suku keempat 2023" (in Malay). Astro Awani. 27 June 2023. Retrieved 21 July 2023.
  5. ^ "PNB to move into Merdeka 118 tower by year-end". Free Malaysia Today. 26 June 2023. Retrieved 21 July 2023.
  6. ^ "PNB will relocate to Menara Merdeka 118 in 4Q23". The Star Online. 26 June 2023. Retrieved 21 July 2023.
  7. ^ "Zeti apppointed [sic] PNB group chairman, takes over from Wahid - Business News | The Star Online". www.thestar.com.my. Retrieved 16 July 2018.
  8. ^ "The official Facebook account for ASNB's promotional activities". Amanah Saham Nasional Berhad (ASNB).
  9. ^ a b "Amanah Harta Tanah PNB (AHP) - Main Page". AHP. 20 March 1989. Retrieved 22 July 2018.
  10. ^ "PNB Commercial". Archived from the original on 27 December 2017. Retrieved 27 December 2017.
  11. ^ "PNB Development SDN. Berhad". Archived from the original on 27 December 2017. Retrieved 27 December 2017.
  12. ^ "Projek Warisan Merdeka". Pnbmerdekaventures.com.my. Retrieved 22 July 2018.
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